Financing For Property#2

[Patrick Q.]

Hello all,

I am closing on my first house hack with my young family (property#1) in the next couple of weeks.

Our plan is to live in it for 1year, refinance out of the FHA loan, put a tenant in our unit and then purchase a home for ourselves (property#3) to live in permanently.

I would then like to work on purchasing a 2nd investment property (property #2).

Property#1 is/will be financed in my personal name.

Property#3 will be financed in both my wife and my name.

I would like to position myself to be able to buy property#2 without a business partner.

We will be fairly heavily leveraged in terms of our DTI ratio after purchasing property 1+3.

Can anybody offer any words of wisdom as to how I can position myself well to be able to purchase property#2 in terms of getting a loan?